Donovan James Joseph 4

What Happened
Donovan James Joseph, Chief Lending Officer and FSVP of Unity Bancorp (UNTY), was granted 2,000 restricted shares (award) on 2026-01-27 and, on the same date, had 135 shares withheld to satisfy a tax obligation related to 400 restricted shares that vested. The 2,000-share award shows an acquisition at $0.00 (restricted stock grant). The 135 withheld shares were disposed at $52.33 each, totaling $7,065.

Key Details

• Transaction dates: 2026-01-27 (both the grant and the withholding).
• Grant: 2,000 restricted shares (code A) granted from the 2023 Equity Compensation Plan; recorded acquisition price $0.00.
• Withholding: 135 shares withheld (code F) at $52.33 per share to cover tax liability on 400 vested restricted shares; proceeds = $7,065.
• Vesting for the 2,000 RSUs: 4-year schedule — 500 shares vest on each of 1/27/2027, 1/27/2028, 1/27/2029, 1/27/2030 (footnote).
• Shares owned after these transactions (total beneficial ownership): 5,465.
• Other holdings: 5,200 restricted shares held at Computershare with upcoming vesting dates; 265 shares held at Shareworks.
• Filing: Form 4 filed 2026-01-28 for transactions on 2026-01-27 (timely).
• Transaction codes: A = Award/Grant, F = Tax withholding.

Context
The 2,000-share item is a restricted stock grant that vests over four years and is not an immediate market purchase; it represents future compensation rather than an outright buy. The 135-share disposal was a tax-withholding action (common for vested RSUs), not a directional sale of additional shares. These filings are informational and do not, by themselves, indicate the insider’s market view.